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Polam Federal Credit Union


Overview / Commentary
www.polam.org
323-463-5137
589 N Larchmont Blvd
Los Angeles, CA 90004

Polam Federal Credit Union is headquartered in LOS ANGELES and is the 175th largest credit union in the state of California. It is also the 2,099th largest credit union in the nation. It was established in 1969 and as of June of 2024, it had grown to 10 employees and 2,070 members at 2 locations. Polam Federal Credit Union's CD rates are 4X the national average, and it has a B health rating.

Field of Membership Restrictions

POLAM Federal Credit Union is open to residents of Southern California who are family and friends, or supporting members of the Polish American Congress (supporting donation of $20 can be made at time of membership opening).
See current membership details

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Health
B

Data as of Q2 2024

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Polam Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #19739
Year Chartered1969
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD-0.56%
Return on Equity - YTD-5.38%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$73.9MM$73.6MM
LoansQ2 2024vs Q2 2023$38.6MM$36.2MM
DepositsQ2 2024vs Q2 2023$66.2MM$67.4MM
Equity CapitalQ2 2024vs Q2 2023$7.6MM$6.1MM
Loan Loss AllowanceQ2 2024vs Q2 2023$315K$314K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$433K$595K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Polam Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Polam Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$1k-IRA Account
0.05%$100-Savings Account

Polam Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$75k*-Money Market Account
OTHER TIERS: 0.30% → $2.5k - $25k | 0.40% → $25k - $75k

Polam Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$100k*-1 Year CD
OTHER TIERS: 1.50% → $2.5k - $25k | 3.00% → $25k - $50k | 3.50% → $50k - $100k
4.00%*$100k*-Youth 1 Year CD
OTHER TIERS: 1.50% → $500 - $25k | 3.00% → $25k - $50k | 3.50% → $50k - $100k
3.50%*$100k*-5 Year CD
OTHER TIERS: 2.00% → $2.5k - $25k | 2.50% → $25k - $50k | 3.00% → $50k - $100k
3.50%*$100k*-Youth 5 Year CD
OTHER TIERS: 2.00% → $500 - $25k | 2.50% → $25k - $50k | 3.00% → $50k - $100k
3.35%*$100k*-2 Year CD
OTHER TIERS: 1.75% → $2.5k - $25k | 2.20% → $25k - $50k | 3.00% → $50k - $100k
3.35%*$100k*-Youth 2 Year CD
OTHER TIERS: 1.75% → $500 - $25k | 2.20% → $25k - $50k | 3.00% → $50k - $100k
3.25%*$100k*-4 Year CD
OTHER TIERS: 1.50% → $2.5k - $25k | 2.25% → $25k - $50k | 2.75% → $50k - $100k
3.25%*$100k*-Youth 4 Year CD
OTHER TIERS: 1.50% → $500 - $25k | 2.25% → $25k - $50k | 2.75% → $50k - $100k
3.00%*$100k*-6 Month CD
OTHER TIERS: 1.25% → $2.5k - $25k | 2.40% → $25k - $50k | 2.50% → $50k - $100k
3.00%*$100k*-3 Year CD
OTHER TIERS: 1.50% → $2.5k - $25k | 2.25% → $25k - $50k | 2.75% → $50k - $100k
3.00%*$100k*-Youth 6 Month CD
OTHER TIERS: 1.25% → $500 - $25k | 2.40% → $25k - $50k | 2.50% → $50k - $100k
3.00%*$100k*-Youth 3 Year CD
OTHER TIERS: 1.50% → $500 - $25k | 2.25% → $25k - $50k | 2.75% → $50k - $100k
Locations


Polam Federal Credit Union Locations
Branch Office589 N LARCHMONT BLVDLOS ANGELES, CA 90004-1305
Branch Office1700 N TUSTIN STORANGE, CA 92865-4603

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